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TheSignalyst
May 1, 2022 11:25 AM

EURUSD - Top-Down Analysis! Long

Euro Fx/U.S. DollarFXCM

Description

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

WEEKLY: Left Chart
EURUSD is overall bearish however, it is approaching a strong support zone in blue so we will be looking for buy setups on lower timeframes.

H1: Right Chart
EURUSD is forming an inverse head and shoulders pattern but it is not ready to go yet.

Trigger => For the bulls to take over, we need a momentum candle close above the gray neckline.

Meanwhile, until the buy is activated, EURUSD can still trade lower inside the support or even breaks it downward.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comments
Ikesammy
This is honestly correct... God bless you.
TheSignalyst
@Ikesammy, thanks dear. good luck
Rajshakha
also there is a complete equal leg too.

TheSignalyst
@Rajshakha, looks good!
ProjectSyndicate
proper/fresh look at EURUSD, appreciate it
TheSignalyst
@ProjectSyndicate, thanks a lot gentleman!
ForexTrendline
Interesting, here's what I have on EURUSD
TheSignalyst
@ForexTrendline, thanks for sharing mate
EliteTradingSignals
Great insight;))
TheSignalyst
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